In June 2017, there were 61 homes sold, with a median sale price of $52,500 - a 21.6% decrease over the $67,000 median sale price for the same period of the previous year. There were 51 homes sold in Granite City in June 2016.
The median sales tax in Granite City for 2017 was $1,487. In 2016, the median sales tax was $1,515. This marks an decrease of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.8%.
The following table compares Granite City to other Madison County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Worden | 2 | 2 | 0% | $92,000 | $200,750 | -54.2% |
| Alton | 45 | 45 | 0% | $72,400 | $62,000 | 16.8% |
| Grantfork | 1 | 0 | - | $70,000 | $0 | - |
| Wood River | 18 | 9 | 100% | $64,005 | $70,000 | -8.6% |
| East Alton | 10 | 13 | -23.1% | $61,250 | $42,415.16 | 44.4% |
| Granite City | 61 | 51 | 19.6% | $52,500 | $67,000 | -21.6% |
| Livingston | 1 | 2 | -50% | $45,000 | $57,000 | -21.1% |
| Pontoon Beach | 3 | 3 | 0% | $28,000 | $115,000 | -75.7% |
| South Roxana | 1 | 3 | -66.7% | $27,000 | $43,000 | -37.2% |
| New Douglas | 1 | 0 | - | $24,900 | $0 | - |
| Hartford | 1 | 4 | -75% | $24,000 | $31,250 | -23.2% |
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